Conviction CA Who Codes

Baskets

Four baskets.
One of them is open.

Conviction Core is live. Edge, Global and Pulse are named, scoped, and not built yet — so there is nothing to join, no waitlist, and no allocate button on any of the three. When one opens, it will appear here with its own composition and its own risks written out.

1 live 3 coming soon Invite only
Live conviction-core

Conviction Core

One forensic-first book of Indian small, micro and select mid caps. The accounts are read for trouble before anything else — related-party flows, pledged promoter holdings, receivable stretch, auditor changes. Most names never make it past that read, and that is the point.

Every name gets a written thesis, published before the trade. Not after. That ordering is the whole integrity claim: it removes the option to quietly edit the reasoning once the price has moved. Positions are held months to years, until the thesis breaks. This is not a trading product.

Positions 11 each with a published thesis
Minimum ₹5,00,000 a modelling floor, not a sales gate
Cash now 50.16% against a 10% target
Horizon Months–years until the thesis breaks
How Core works Read the record

Model composition — target weights

Conviction Core target composition A single bar split into four segments: micro cap 20.0 percent, small cap 42.5 percent, mid cap 27.5 percent, and cash 10.0 percent. Full figures are listed below the chart. 20.0% 42.5% 27.5% 10.0% 0% 100% Equity, deployed by size band Cash
  • Micro cap · rank 501+ 20.0%
  • Small cap · rank 251–500 42.5%
  • Mid cap · rank 101–250 27.5%
  • Cash · dry powder and floor 10.0%

These are the model's targets, not a claim about outcomes. Where the book actually sits today is shown below.

Where the book actually sits

Deviation from target weights, in percentage points Equity — micro plus small plus mid — is 40.16 percentage points below its combined 90 percent target. Cash is 40.16 percentage points above its 10 percent target, at 50.16 percent. Equity buckets · micro + small + mid −40.16 pp Cash +40.16 pp −40 −20 target +20 +40
  • Equity deployed — target 90.0% 49.84%
  • Cash — target 10.0% 50.16%

Red is below the model weight, amber is above it. Micro, small and mid are each under target — together by 40.16 percentage points. The per-bucket split is not published on this page.

Half the book is sitting in cash, and that is deliberate. Cash is 50.16% against a 10% target. Capital is committed only when a name has cleared the forensic read and the price is one we are willing to pay; when nothing clears, the money waits. The rule that keeps this honest is that cash above target has to be explained by a named constraint — nothing qualified, liquidity failed, risk budget is full — never left there by default. An under-deployed book is a real state, and it is shown here as-is rather than smoothed away.

The minimum

Why Core starts at ₹5,00,000

It is not a status filter. Below that size, whole-share rounding swamps the model — you end up owning a rounding error rather than the book.

One share, at a ₹2,00,000 allocation

Whole-share granularity against the model weight The smallest position has a model weight of 1.36 percent. At a 2 lakh rupee allocation, a single whole share of that company is about 0.7 percent of the book — roughly half the intended weight. Model weight, smallest position 1.36% One whole share at ₹2,00,000 ≈ 0.7% model weight

You cannot buy two-thirds of a share. At ₹2,00,000 the smallest whole share available lands at roughly half its intended weight — about a 50% tracking error on that one line, before any view on the company is even tested.

The granularity problem

A model weight is only real if the book can actually be built to it. Indian equities trade in whole shares, and a single share of a smaller company can be a meaningful slice of a small account. The smaller the account, the coarser every position becomes — and the further the book drifts from the thing that was written down.

At ₹5,00,000 that same share is a much smaller fraction of the book, so rounding lands near the model instead of on top of it. The floor exists so that what a member holds resembles what was published. Nothing more.

The ₹2,00,000 figures above are an illustration of share granularity, not a statement about any outcome.

Concentration is a choice, and a risk

Core runs 11 positions. A concentrated book means a single broken thesis matters. Micro caps compound that: they are less liquid and can be difficult to exit at any sensible price when you want out. Position sizes are set against that constraint, not against enthusiasm.

Execution

How a basket is actually held

Members keep their own broker account. Money is never pooled into a common vehicle, and no order is placed without the member approving it first.

Your broker stays yours

The account is in your name and stays in your name. Money never pools — there is no common fund, no shared wallet, and no balance held on your behalf. Cash leaves your account at settlement, the way it does on any trade you place yourself.

You approve every order

Each order is presented to you before it exists at the exchange. Nothing is placed without your approval. If you decline, nothing happens — and your book simply diverges from the model, which is a trade-off you are allowed to make.

Approved orders route via API

Once approved, the order is placed through your connected broker over their API. The connection carries approved instructions and nothing else. You can always see the same positions in your broker's own app.

Invitation, then paperwork

Access is by invitation: a single-use code, valid 30 days. A separate legal agreement is signed via DocuSign before anything starts. There is no self-serve path around either step.

Not open

Three baskets that do not exist yet

Named and scoped, nothing more. There is no composition to show, no minimum set, and no way to allocate. Each one carries a risk that is specific to it — worth reading now, because it will not change when they open.

Coming soon conviction-edge

Conviction Edge

Derivatives.

Its specific risk
Leverage cuts both ways: losses on a derivative position are not capped at the amount committed, and contracts expire — being early is indistinguishable from being wrong once time runs out.

No minimum set · not accepting members

Coming soon conviction-global

Conviction Global

US-listed equity, held through the LRS route.

Its specific risk
Currency sits on top of equity risk — a holding can fall in dollar terms and in rupee terms at the same time. Remittance limits, cross-border tax treatment and slower settlement all apply before any view on a company does.

No minimum set · not accepting members

Coming soon conviction-pulse

Conviction Pulse

Systematic momentum.

Its specific risk
Momentum reverses without warning. A rules-based book keeps buying strength right into the turn, trades far more often than Core, and its worst periods tend to arrive all at once rather than spread out.

No minimum set · not accepting members

Side by side

All four, compared

Where a field has not been decided, it says so. Nothing here is filled in to look complete.

Basket Instruments Horizon Minimum Status
Conviction Core Indian small, micro & select mid cap equity Months to years, until the thesis breaks ₹5,00,000 Live
Conviction Edge Derivatives Not defined yet Not set Coming soon
Conviction Global US-listed equity, via LRS Not defined yet Not set Coming soon
Conviction Pulse Systematic momentum Not defined yet Not set Coming soon

Scroll sideways to see every column. All four share the same execution model: your own broker account, money never pooled, and every order approved by you before it is placed.

You can lose money here, permanently. Equities fall, and small and micro caps fall harder — they are thinly traded, volatile, and a position can become difficult to exit at any sensible price exactly when you most want to. A thesis published before the trade is still a thesis, and it can be wrong. Part or all of what you commit can be lost, and nothing on this page is a recommendation to buy any security.
Ask about an invitation How it works

Access is by invitation only. An enquiry is not an application, and there is no queue position to hold.